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Tag: debenhams

At least seven Debenhams stores to close with loss of 400 jobs | Business

At least seven Debenhams department stores will not reopen after the high street lockdown eases, resulting in the loss of more than 400 jobs. The department store, which collapsed into administration last week, is understood to be exiting the seven stores, including in Salisbury, Westfield in west London, Leamington Spa and South Shields, as it …

At least seven Debenhams stores to close with loss of 400 jobs | BusinessRead More

Coronavirus round-up: Boots, Debenhams, IMRG, Naked Wines, John Lewis Partnership, ONS and more

We’re reporting on the effect of the Covid-19 coronavirus pandemic on the way UK shoppers buy – and on how retailers are responding to that changing behaviour. This update comes as 60,733 positive cases have been confirmed by Public Health England as of 9am on April 8 and 7,097 people have died. Daily figures show …

Coronavirus round-up: Boots, Debenhams, IMRG, Naked Wines, John Lewis Partnership, ONS and moreRead More

Debenhams appoints administrators again – exactly a year on from last time

Debenhams has today appointed administrators, having given notice of its intent to do earlier this week. The move comes a year to the day after it last went into administration.   Geoff Rowley and Alastair Massey of FRP Advisory have been appointed to oversee the administration of the UK business. Its 11 Republic of Ireland …

Debenhams appoints administrators again – exactly a year on from last timeRead More

Debenhams appoints administrators and liquidates Irish chain | Business

Debenhams has fallen into administration, casting fresh doubt over the future of the struggling chain, which has also said it will not reopen its Irish stores, resulting in 1,400 job losses. The company, which has around 20,000 employees and 142 stores, confirmed the appointment of restructuring firm FRP Advisory as administrators and said its first …

Debenhams appoints administrators and liquidates Irish chain | BusinessRead More

Debenhams to appoint administrators for second time in a year | Business

Debenhams has confirmed it intends to appoint administrators for the second time in a year as it tries to protect its assets from creditors during the coronavirus lockdown. The struggling department store chain said the process would provide it with protection from the threat of legal action “that could have the effect of pushing the …

Debenhams to appoint administrators for second time in a year | BusinessRead More

Debenhams prepares to file for bankruptcy | Business

Debenhams is preparing to call in administrators after the struggling department store was forced to close all its outlets under the coronavirus lockdown. The company, which has 22,000 staff and was rescued by its lenders after collapsing into administration only a year ago, is understood to be considering filing a formal notice of intention to …

Debenhams prepares to file for bankruptcy | BusinessRead More

Debenhams goes for restructure as Mike Ashley legal challenge fails | Business

Debenhams is to press ahead with a financial restructure to cut its debts after a legal challenge backed by Mike Ashley’s Sports Direct drew to a close. The restructure will result in at least £100m of the ailing department store chain’s £600m-plus of debt being converted to equity. Stefaan Vansteenkiste, the chief executive of Debenhams, …

Debenhams goes for restructure as Mike Ashley legal challenge fails | BusinessRead More

Stockton-on-Tees rues ‘bloody online’ as Debenhams closes | Business

There’s been a department store in the market town of Stockton-on-Tees for over a century. But the last one closed its doors for the final time on Wednesday when Debenhams pulled down the shutters. The store is one of 19 being closed across the country by the beleaguered chain this month, and it’s a big …

Stockton-on-Tees rues ‘bloody online’ as Debenhams closes | BusinessRead More

High street crisis deepens as 3,150 staff lose jobs in a week | Business

Mothercare and Links of London will disappear from UK high streets this week as 94 stores close their doors for good, resulting in 3,150 job losses. All 79 Mothercare shops and 15 Links of London will have shut by Sunday night, after both companies collapsed into administration before Christmas. The latest wave of closures, with …

High street crisis deepens as 3,150 staff lose jobs in a week | BusinessRead More

Debenhams kicks off make-or-break year with 19 store closures | Business

Debenhams will begin a make-or-break year with 19 store closures this month that will result in 660 job losses on the UK’s fragile high streets. The struggling department store chain will close the sites in the space of a fortnight as it presses ahead with a rescue plan announced last year. The closures starting on …

Debenhams kicks off make-or-break year with 19 store closures | BusinessRead More